According to The Fly, canaccord Genuity analyst Carey MacRury reiterated a Buy rating on SSR Mining Inc (NASDAQ: SSRM) on October 18. The company’s shares closed on Friday at $10.91, close to its 52-week high of $11.44.
According to TipRanks.com, MacRury has currently no stars on a ranking scale of 0-5 stars, with an average return of -12.6% and a 17.8% success rate. MacRury covers the Basic Materials sector, focusing on stocks such as Newmont Mining Corporation, Osisko Gold Royalties Ltd, and Torex Gold Resources Inc.
SSR Mining Inc has an analyst consensus of Strong Buy, with a price target consensus of $12.25, implying a 12.3% upside from current levels. In a report issued on October 12, Scotiabank also upgraded the stock to Buy with a $12 price target.
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Based on SSR Mining Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $5.12 million. In comparison, last year the company had a net profit of $1.07 million.
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SSR Mining, Inc. engages in the operation, development, exploration, and acquisition of precious metal projects. It focuses on the Puna, Marigold Mines, and Seabee Gold Operations. The company was founded on December 11, 1946 is headquartered in Vancouver, Canada.
